The latest financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities
United States, May 28, 2021 /AlexaBlockchain/ – Circle has raised US$440 million in a latest funding round, making it the largest crypto funding round in the history.
Circle said in a press statement that the financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities.
Investors
The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, as well as Michael J. Price and Friends.
Barry Silbert, Founder and CEO of Digital Currency Group, said:
“Circle has been a pioneer in unlocking the potential of blockchain-enabled payments. With USDC’s extraordinary growth, Circle has established itself at the center of a new generation of financial services and applications. We are proud to continue to partner with Circle to develop a better global financial system.”
Circle
Circle is a global FinTech firm that provides payments and treasury infrastructure for internet businesses. It enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide.
Circle’s platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses.
Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved dollar digital currency. USDC now stands at more than 22 billion and has supported over $615 billion in transactions over the past year. USDC has grown by 436% in 2021 alone, and over 28,000% over the past 12 months.